Just saw this - reported Friday:
http://hobbyspace.com/nucleus/?itemid=17030Approval near for PG&E deal with Solaren
Regulators seem ready to approve the plan by PG&E to sign a contract to buy power from Solaren, which intends to implement a space based solar power system by 2016. The approval means that PG&E can assign the Solaren power to its required quota of renewable energy sources: Regulators Propose OK Of PG&E Space-Based Solar Deal - WSJ.com.
Note that PG&E is not investing any money in Solaren. The contract between PG&E and Solaren only becomes active if and when Solaren starts providing power. The regulators indicate that since there are "concerns regarding the viability of the
project", PG&E should have other suppliers available to meet its renewable energy requirements in case Solaren fails to come through.
Posted 11/20/09 | 22:03:56 by TopSpacer | Filed under: Space Technology From the WSJ article:
http://online.wsj.com/article/BT-CO-20091120-713779.html * NOVEMBER 20, 2009, 7:30 P.M. ET
CORRECT: Regulators Propose OK Of PG&E Space-Based Solar Deal
("Calif Regulators OK PG&E Contract For Space-Based Solar Power," published at 4:38 p.m. EST, misstated the nature of action by regulators. A corrected version follows).
SAN FRANCISCO (Dow Jones)--California regulators have proposed approving a long-term contract between PG&E Corp.'s (PCG) utility and developers of a speculative technology that would beam 200 megawatts of solar power to earth from outer space.
Under the 15-year contract, Solaren Corp., of Manhattan Beach, Calif., would ship 850 gigawatt-hours of solar power a year starting in 2016, doubling that amount in later years. The power would be sent by radio frequency from an earth-orbiting satellite to a receiving station in Fresno, Calif. The energy-conversion technology has been used by communications satellites for 45 years on a much smaller scale, Solaren said.
PG&E wouldn't disclose the cost of the proposed 15-year contract but said it would be above-market, more than 12.9 cents a kilowatt-hour, according to documents filed with the California Public Utilities Commission, or CPUC.
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The CPUC could make a decision as early as December 3.